$1,800,000
Investment Summary
- Monthly Cash Flow
- -$6,669
- Cap Rate
- 1.6%
- Cash-on-Cash Return
- -19.3%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.7%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Welcome to this entertainers' stately dream home, nestled in nature's abundance. Sited on nearly four acres of rolling lawns, natural forest, and carefully manicured gardens with a pool and spa, this property makes an immediate statement - "This is the good life." Drive up the stone paver marked driveway, underneath the blooming cherry trees. Park in either the three-car garage with extra space, or the large driveway. A stone path wends its way to the front of the home. Inside, the dramatic foyer, with soaring ceiling, gorgeous chandelier and artists' murals, greet you. To the left is the formal dining room, with a picture-window and bench, carefully crafted wood accents, and plenty of space for a large table. The hardwood floors, with unique inlays, gleam under the chandelier's light. Off the dining room is the convenient butler's pantry, with storage and a wine cooler. Beyond here, you will find the kitchen you have always wanted. Positioned around an expansive granite island, this kitchen features a six-burner cooktop with an additional griddle, double ovens, a prep sink, eat-in area, and the highest of quality stainless appliances. With more storage and counter space than you might ever use, this is a space you will never want to leave. Just off the kitchen is the mud-room, with bonus pantry space, an additional sink and access to the garage. The kitchen opens to the family room, with soaring ceilings, a wood-burning stone fireplace that rises to the ceiling and a door out to the deck, patio and pool beyond. From the family room, move into the formal living room, now used as a charming music space. How might you utilize this sunlit room? Off of this is the private office/library. With French doors, built-in bookcases, and views out to the grounds, this is a perfect spot to work or read. Up the elegant central staircase, find the primary bedroom suite, with a sitting area, walk-in closets, and spa-like bathroom. It has a jetted tub, tiled shower, double sinks and private lavatory. Also on this level is the large second bedroom, with room for an office, and a private bathroom of its own, a third bedroom with walk-in closet, a wonderful laundry and craft room that revert to another bedroom, and a full hall bathroom complete this level. The walk-up attic above, with tremendous, and well appointed, storage space is truly convenient. On the lowest level, find the expansive media room/den with a large wet bar, wine refrigerator and exercise area. You may never want to leave this play space. Also on this level is large guest bedroom with a walk-in cedar closet. There is a full bathroom and extra storage here as well. Covered stairs lead up from the exercise area to the fenced in rear yard, where you will find the beautiful Gunite pool, perfect for a dip in the hot summer months, and a spa, great as night starts to cool down. Off of the patio is the newer deck, with an outdoor kitchen. The large grille and refrigerator make barbecues here a breeze. Just off the deck is the enclosed rear porch - a perfect spot to unwind with a glass of wine at night, or ease into the morning with a cup of coffee. All of this, on a quiet cul-de-sac, just a few minutes' drive from the activity of Yorktown or the solitude of the reservoir. An hour from mid-town Manhattan, yet a world away, this home is the perfect spot for everyone looking to get away and grasp a piece of the good life.
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Location
Property Details
Parking
- Description: Attached Garage
- Details: Garage Door Opener, Attached, Driveway, Garage, Heated Garage
- Garage Spaces: 3
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 5
Bathroom Information
- # of Baths (Full): 4
- # of Baths (Total): 5.0
Interior Features
- # of Rooms: 13
- # of Stories: 2
- Basement: Yes
- Basement Description: Finished, Full, Walk-Out Access
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Wood
- Pool: Yes
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 55540036.17127
- Lot Size: 159865 sqft
Property Information
- Property Type: Single Family Residence
- Style: Colonial
- Year Built: 2003
Tax Information
- Annual Tax: $37,041
Utilities
- Water & Sewer: Private, Well
- Cooling: Central Air
Location
- County: Westchester
Listing Details
Investment Summary
- Monthly Cash Flow
- -$6,669
- Cap Rate
- 1.6%
- Cash-on-Cash Return
- -19.3%
- Debt Coverage Ratio
- 0.27
- Internal Rate of Return (5 years)
- -14.7%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $1,800,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,440,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $360,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $54,000 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $414,000 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 5,270 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $342 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.52 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,440,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.500% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $9,102 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $3,087 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $560 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $12,749 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $8,000 | $96,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$480 | -$5,760 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,520 | $90,240 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 39% | -$3,087 | -$37,041 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$560 | -$6,720 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$640 | -$7,680 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$400 | -$4,800 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$400 | -$4,800 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 64% | -$5,087 | -$61,041 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $2,433 | $29,196 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$9,102 | -$109,224 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $6,669 | $80,028 |